Section: Latest news

Fitch Ratings has affirmed Russia`s Long-term foreign and local currency Issuer Default Ratings (IDRs) at `BBB-` with a Negative Outlook, Fitch Ratings said in its press release.The issue ratings on Russia`s senior unsecured foreign- and local-currency bonds are also affirmed at `BBB-`. The Country Ceiling is affirmed at `BBB-` and the Short-term...

The National Bank of Ukraine on Friday evening strengthened the official hryvnia exchange rate by 17 kopiykas, bringing the national currency to UAH 25.47 to the dollar.The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for April 18:$100 costs UAH 2,547.5042 (on April 15, it was UAH...

Principal Deputy Chief Monitor of the OSCE Special Monitoring Mission (SMM) to Ukraine Alexander Hug says the geography of violence has again been extended in Donbas.”We are deeply concerned that the geography of violence has again been extended to areas in southern Donetsk region. In Kominternove, on April 9 the SMM heard at least 15...

Russia`s Federal Antimonopoly Service (FAS) has accused Google of violating the law on advertising, a TASS correspondent reported from the meeting of the FAS commission, according to Russian news agency TASS.The regulator says that advertisement distributor Google Inc and advertisers – Russian companies Olkos Group and Avankorp – violated Clause...

The new lineup, led by Volodymyr Groysman, an ally of President Petro Poroshenko, won`t have long to settle in, according to Bloomberg.The former Soviet republic is facing a raft of challenges, from its finances to reforms and the simmering conflict with pro-Russian insurgents in its east. Here are the five biggest issues the new cabinet will...

Ukraine`s key lender, the International Monetary Fund (IMF), says it is ready to continue cooperation with a newly formed Ukrainian government, which was approved by Ukraine`s Verkhovna Rada on April 14, 2016.”We stand ready to continue support of Ukraine. We look forward to talking with the new government,” Director of the IMF`s European...

The Czech Foreign Ministry has denied accreditation to two Russian journalists in Prague, eliciting an angry response from Moscow, which accused the Czech authorities of violating the right to freedom of expression, according to czech.cz, a Czech news portal operated by the ministry jointly with Czech Radio – Radio Prague.The Russian Foreign...

Acting Prosecutor General Yuriy Sevruk on April 15, 2016, dismissed Odesa Region Prosecutor Mykola Stoyanov, according to the press service of the Prosecutor General`s Office (PGO) of Ukraine.The dismissal was in line with the provisions of the Law of Ukraine on Prosecution and the Law of Ukraine on Lustration following the examination of...

The EU`s five leading economies called yesterday, April 14, for a crackdown on tax havens, urging the G20 powers to end the secrecy of shell companies that enables tax evasion and money laundering, according to EurActiv.In the strongest reaction yet to the leaked ”Panama Papers,” the finance ministers of Britain, France, Germany, Italy and Spain...

Ukraine`s ex-Finance Minister Natalie Jaresko has voiced some advice to newly appointed Prime Minister Volodymyr Groysman, Voice of America`s Ukrainian service reported.Jaresko said that despite a modest economic growth in Ukraine, its population will be able to benefit from it only over time.”Economic well-being significantly depends on the...